Gold trades below $920/oz as oil correction deepens
London, 24 July 2008 - More bullish dollar tones and reduced inflation demand have prompted further long liquidation across the precious complex over the past 24-hours, with gold trading to a 2-week low, silver to a 3-weeks low, while both platinum and palladium have slumped to 5½ month lows after breaking technical support. EUR/USD closed yesterday at 1.5689 and has met resistance at the 1.57 level this morning ahead of data showing Jobless Claims for the week of July 19th and Existing US
Original post by Fundamental Market View